I can become stronger by paying salaries. I have one billion employees!

Chapter 654 One policy per region? Then I want the best policy! Three generations of accumulated wealth—how can they possibly catch up?

As soon as Chen Yansen finished speaking, the huge conference room became so quiet you could hear a pin drop.

Ping An's Ma Zheming frowned and desperately tried to wink at Chen Yansen, thinking to himself: You usually seem so shrewd, why are you acting so foolish today?

Ma Wenteng secretly exclaimed, "Awesome!"
In fact, he was very dissatisfied with the pilot policy for private banks, but he didn't dare to criticize it openly, only daring to complain behind his back.

There's absolutely no sincerity from above; it's obvious they want to use Senlian, Penguin, and Ali as toilet paper, and incidentally give them some leftovers to get rid of them.

Damn it, I'm not a dog!

Little Ma wanted to follow Chen Yansen's example and say a few words to Zhao Binhai, but he was afraid of being retaliated against afterward, so he could only hold back.

Ma Liyun stared in disbelief, as if she were seeing Chen Yansen for the first time.

In his eyes, Chen Yansen's style of doing things has always been calm and reserved, and he is very shrewd. Only a hothead would dare to say something like that.

The CEOs of companies like Fosun, Juneyao, Chint, Huafeng, Huabei, and Maigou were secretly delighted, but dared not show it.

Zhao Binhai's expression was sly, and a cold glint flashed in his eyes.

He specifically called out Chen Yansen's name, originally wanting to see how good the world's richest man was at flattery. But who would have thought that the other party wouldn't give him any face at all, belittling the pilot program for private banks as worthless.

it is good!
very good!
It would be quite good if we could get even a small piece of the pie from the banking industry. Where did Chen Yansen get the courage to be so picky?

So who exactly gave him that confidence?

Thinking of this, Zhao Binhai turned slightly to observe Li Qingsong's facial expression.

A slight smile played on her lips.

Could it be?

Zhao Binhai was startled, the anger in his eyes subsided abruptly, and he began to have wild thoughts.

He had a vague feeling that Chen Yansen's words were very likely at Li Qingsong's behest.

At that moment, he suddenly remembered his assistant's earlier reminder: "Boss, Li Qingsong and Chen Yansen talked alone in the lobby on the first floor for eight minutes."

Eight minutes...

This is enough time to explain a lot of things!
The three bosses from the Securities Association, the Insurance Association, and the Economic Development Association, seeing that Zhao Binhai had been publicly rebuked but remained silent for a long time, couldn't help but ponder the matter more deeply.

Why establish private banks?
It's simply that the bigwigs at the top believe that traditional banks occupy a lot of resources and funds, but have made little progress in the research and application of financial technology. They only absorb deposits and make loans, resulting in poor market activity and slow development of the financial industry.

The first batch of five private banks are the five "catfish" selected above, forcing traditional banks to accelerate digital transformation and product innovation, thereby promoting the application of big data credit scoring, artificial intelligence risk control, online customer acquisition and blockchain technology in the financial field.

The problem right now is that there's just too little "meat" to go around!
You want the horse to run, but you don't want it to eat grass!
Is this reasonable?

Zhao Binhai took a deep breath and replied calmly, "President Chen has misunderstood the 'one store per line' policy. This policy is not a restriction, much less a punishment, but a protective constraint and strategic guidance."

He paused for a moment and then said, "After decades of development, state-owned banks and national joint-stock banks have already established a vast number of physical branches throughout urban and rural areas across the country. Their brands are deeply rooted in people's hearts, and customers have a high level of trust."

For private banks to compete head-to-head with them in a "branch-to-branch" battle would be tantamount to throwing an egg against a rock, requiring astronomical sums of money with no chance of winning. The association is acting in your best interests to avoid wasting financial resources and ineffective competition within the industry.

Zhao Binhai spoke eloquently and logically, with a concerned expression on his face that seemed to say, "I'm afraid you can't compete with traditional banks."

The implication is that private banks are like newborn babies, relatively vulnerable in terms of risk control models, management experience, and capital strength.

Allowing the blind expansion of offline networks can easily lead to business failure due to inadequate management and uncontrolled risks.

"Since we are going to introduce private capital, we shouldn't put too many restrictions on it. At the very least, we should ensure a fully competitive environment. Otherwise, the pilot program will lose its original purpose."

Chen Yansen looked at everyone and said in a meaningful tone.

Everyone sitting in this room is a shrewd and capable person.
Everyone knows the purpose behind the pilot program for private banks.

If traditional banks operate on one track and private banks on another, with little overlap in their businesses, what is the point of the pilot program?
Zhao Binhai and others' strategy is to let private banks achieve the best results in the designated track first, and after proving their value and safety, use the results to strive for a wider track.

But Chen Yansen understood these people. Some openings, once they were finally made, would become smaller and smaller after a few years, and might even be sealed up again.

Is it satisfying to wipe someone's butt?

Chen Yansen was too lazy to mess around; if he was going to do something, he was going to do it on a big scale!
Stop bringing up safety issues; it's not like there aren't any regulatory mechanisms in place.

"We can discuss the specific details gradually. After all, as I mentioned beforehand, we will adopt a differentiated regulatory framework and a policy tailored to each bank for private banks."

Zhao Binhai dodged the question, choosing to skip it.

One policy for each region?
Ma Wenteng silently repeated a few words to himself, then his mind raced, and he immediately mustered his courage, wanting to become Chen Yansen's "follower." But before he could speak, he heard Li Qingsong say:
“After listening to them, I did find some problems. Private banks have structural defects. They are given the mission of using market-based means to serve areas that traditional finance has not covered, but they are not given the tools to compete on an equal footing with traditional financial institutions, especially the ability to attract deposits at low cost. This is unfair and unreasonable.”

Upon hearing this, some people suddenly realized and thought to themselves: Chen Yansen was indeed Li Qingsong's mouthpiece!
No wonder he dares to be so arrogant!

They just couldn't understand why they didn't argue before the pilot program was proposed, but instead flipped the table in public at this moment. It wasn't until someone saw Li Qingsong's calm and composed demeanor that they suddenly realized: this was not a spur-of-the-moment decision, but clearly something he had planned in advance to use this meeting to bring the "structural defects" of the private bank pilot program to the forefront, forcing various departments to make statements on the spot and cutting off any possibility of further delaying tactics.

A fine layer of cold sweat instantly broke out on Zhao Binhai's forehead. The words he had prepared were stuck in his throat, and he couldn't utter a single word.

He finally understood that Chen Yansen's toughness was not a sign of foolishness, but rather that Li Qingsong was backing him up.

His own term "protective constraint" has become a wrong viewpoint and a wrong direction in the face of the conclusion that it is "unfair and unreasonable".

"Mr. Li is right."

The head of the Securities Association took the lead, speaking eloquently: "Private banks are going to serve small and micro enterprises and agriculture, which are traditional financial blind spots. The risks are inherently higher than those of ordinary loan business."

If a company lacks the ability to attract deposits at low cost and can only rely on high-interest financing, it will only increase its own risk. In the end, let alone serving the real economy, its very survival will be in question.

The head of the insurance association echoed this sentiment.

In any case, it doesn't harm their interests.

The head of the Economic Development Association nodded and said, "Senlian Capital has multiple sectors including technology, new energy, and e-commerce. Could we allow its private banks to conduct 'supply chain finance' around the industrial chain?"
Tencent has social media traffic; could we relax its online customer acquisition restrictions? I think the differentiated policy details need to be determined now, otherwise the pilot program will just follow the old path.

Pressed by this barrage of questions, Zhao Binhai finally forced himself to say, "After the meeting, I will work with the various associations to develop specific 'one bank, one policy' guidelines tailored to the advantages of each private bank's pilot program, and strive to produce a draft within a week."

After he finished speaking, he secretly glanced at Li Qingsong and breathed a sigh of relief when he saw that the other man's expression had softened.

Ma Wenteng sat in the audience, feeling both surprised and delighted.

He had been hesitant about joining Chen Yansen in "making trouble," but now, with Li Qingsong's support, he had no more reservations and immediately chimed in:
"Penguin's advantage lies in its social and online ecosystem. If we can relax the restrictions on online deposit-taking, we can use the 'social scenario + small-amount wealth management' model to attract young users, which can reduce deposit-taking costs and provide precise services to small and micro business owners."

After all, we have millions of merchants on our platform, and we have all their operational data, so our risk control is relatively secure.

Seeing this, Ma Liyun stopped being silent and said loudly, "Ali has experience in cross-border e-commerce and consumer finance. We hope you can allow us to do 'cross-border payment + supply chain loan' to help small and medium-sized foreign trade enterprises solve their cash flow problems."

Traditional banks face slow approval processes and low loan amounts for cross-border loans, while Ali, supported by big data, can disburse loans even faster and minimize operational risks.

Wang Junjin, Zhou Jiancheng, and others spoke out one after another, and their previously hidden demands were now brought to the forefront.

They are not fools!
Li Qingsong and Chen Yansen had already torn open the crack, so naturally they wanted to widen it further.

Keep in mind that the wider the opening, the higher the profit you can get!
"This kid is interesting."

Li Qingsong looked at Chen Yansen and made a silent assessment.

Two hours later, all the topics on the morning's agenda were finally planned out. The core task for the next two days was to communicate the specific details around these topics.

After the morning meeting ended, everyone left one after another.

Ma Wenteng quickened his pace and caught up with Chen Yansen, patting him on the shoulder and whispering, "Mr. Chen, your move is a bit risky! Although Mr. Li supports you, there's always the fear of repercussions later."

Chen Yansen didn't stop walking and replied in a low voice, "Three of the four major associations have received Mr. Li's instructions. In essence, this is a division of authority for the Banking Association."

After listening, Ma Wenteng seemed to understand something, vaguely grasping the hidden game behind this confrontation.

At the same time, the chairmen of Fosun, Juneyao, Chint, Huafeng, Huabei and Maigou, including Ma Liyun, also came over and pulled Chen Yansen to have lunch at a nearby hotel.

Firstly, it was to express my gratitude to Chen Yansen;
Secondly, it also stems from respect for his connections and network of relationships.

Not every private entrepreneur is qualified to accompany a delegation on an overseas visit, and even fewer people have the opportunity to be Li Qingsong's messenger.

Chen Yansen is only 22 years old, but he is very powerful and has a strong background!

Of course we should make friends!

……

……

The semiconductor association across the ocean breathed a sigh of relief when it learned that StarSource Technology's research and development work had stalled.

Mark, the head of Micron, scoffed and said, "They were probably just lucky to be able to handle the polishing and coating processes for aspherical mirrors. What can they possibly catch up with our decades of technological accumulation across three generations?"

Eric, CEO of Saigo, slammed his coffee cup heavily on the table and scoffed, "Luck? I think they simply didn't understand the threshold of high-precision optical systems! Aspherical mirrors are just the foundation. The nanometer-level speed control of magnetic levitation motors and the vacuum sealing technology of air bearings—which of these wasn't a tough nut we spent tens of billions of dollars and two or three decades to crack?"

The atmosphere in the conference room instantly relaxed. The tension that had been building up due to Xingyuan Technology's rapid breakthrough dissipated.

Intel's CEO smiled and opened a bottle of champagne to celebrate.

　I originally planned to write four chapters today, but I overestimated myself. I'll try harder tomorrow. Love you all, my godfathers.

　　
　
(End of this chapter)